Gainwell Engineering has launched its operations by entering into a technology licensing agreement for underground mining equipment with Caterpillar, a manufacturer of construction and mining equipment, diesel and natural gas engines, industrial gas turbines and diesel-electric locomotives.
The agreement will enable Gainwell Engineering to manufacture medium & high seam underground room & pillar equipment to support the growing coal production in India and other countries around the world.
Gainwell Engineering is a manufacturing venture of Gainwell Commosales (formerly Tractors India), a company that has a rich legacy of over seven decades of supporting infrastructural progress in India.
Coal remains the main stay of energy security for India and emerging economies and this initiative will again make the reliable, superior room & pillar equipment available to the global customers.
Gainwell Engineering would locate its manufacturing business headquarters in Kolkata, India with its plant being set up across 35 acres in Panagarh, West Bengal, India at an investment of ~Rs 500 crore (approx. $70 million).
Sunil Kumar Chaturvedi, CMD, Gainwell Engineering, said: “We are excited to contribute to a strong industrial manufacturing base in India. Along with our products, services and solutions and people on the ground, we are dedicated to build customer value while helping the customers solve their toughest mining challenges. With the acquisition of the IP license from Caterpillar, our main priority at this stage will be to ensure that our customers experience a seamless transition as we continue to deliver the range of innovative products and exceptional support they have come to expect from Caterpillar. We are bringing together the most experienced people across various nationalities that will help secure our presence in a steadily growing industry.”
Denise Johnson, group president, resource industries, Caterpillar, said: “We are pleased to transition the medium and high seam underground room and pillar equipment, as well as the aftermarket licensing, to Gainwell Engineering. Gainwell will invest in a state-of- the-art manufacturing facility in India and supply the products globally. Together, Caterpillar and Gainwell will work to ensure that there is a seamless transition."
